Rock Tech Lithium Announces Grant of Stock Options
Rock Tech Lithium Announces Grant of Stock
Options
VANCOUVER, BC
,
May 4, 2022
/CNW/ - Rock Tech Lithium Inc. (the "Company" or "Rock Tech") announces
that, in accordance with the Company's Stock Option Plan, it has granted 100,000 incentive stock options (the
"
Options
") to an officer of the Company. The Options have an exercise price of
$4.92
per share and will expire
six years from the date of grant. The Options will vest over a 4-year period with 25% of the Options vesting on
the first anniversary of the date of grant and the remaining options vesting in equal monthly instalments
thereafter.
About Rock Tech Lithium Inc.
Rock Tech Lithium (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) is a cleantech company
with operations in
Canada
and
Germany
that aims to supply the automotive industry with high-quality, "made in
Germany
" lithium hydroxide. As early as 2024, Rock Tech intends to commission
Europe's
first lithium converter
with a production capacity of 24,000 tonnes per year. This is equivalent to the volume needed to equip around
500,000 electric cars with lithium-ion batteries.
Rock Tech owns the Georgia Lake Project in
Ontario, Canada
. The company has set itself the goal of creating
the world's first closed-loop for lithium, thus closing the raw material gap on the road to clean mobility. As early
as 2030, around 50 percent of the raw materials used are expected to come from the recycling of batteries.
Rock Tech Lithium - The super fuel for the battery age
www.rocktechlithium.com
On behalf of the Board of Directors,
Dirk Harbecke
Chairman
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Concerning Forward-Looking Information
The following cautionary statements are in addition to all other cautionary statements and disclaimers contained
elsewhere in, or referenced by, this press release.
Certain information set forth in this press release contains "forward-looking information" and "forward-looking
statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, which
are based on Rock Tech's current expectations, estimates, and assumptions in light of its experience and is
perception of historical trends. All statements other than statements of historical facts may constitute forward-
looking information. Often, forward-looking information can be identified by the use of words or phrases such as
"estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as
"will", "shall" and all other indications of future tense. All forward-looking information set forth in this press
release is expressly qualified in its entirety by the cautionary statements referred to in this section.
In particular, this new release contains forward-looking information pertaining to: the features and location of the
proposed Converter, including the costs and benefits thereof; statements regarding future plans, estimates, and
schedules relating to the Company's Converter strategy; statements regarding future activities undertaken in
connection with the MoU; anticipated production of lithium hydroxide and related processing methods;
statements and expectations regarding the electric vehicle industry; Rock Tech's planning, approval and
decision-making process, including relevant factors taken into consideration by the Company; Rock Tech's
opinions, beliefs and expectations regarding the Company's business strategy, development and exploration
opportunities and projects, and plans and objectives of management for the Company's operations and
properties.
Forward-looking information contained in this press release is based on certain assumptions, estimates,
expectations, analysis and opinions of the Company and in certain cases, third party experts, that are believed
by management of Rock Tech to be reasonable at the time they were made. Such assumptions, estimates and
other factors include, among other things: the supply and demand for, deliveries of, and the level and volatility of
prices of, feedstock and intermediate and final lithium products, expected growth, performance and business
operations, future commodity prices and exchange rates, prospects, growth opportunities and financing
available to the Company, general business and economic conditions, results of development and exploration,
Rock Tech's ability to procure supplies and other equipment necessary for its business. The foregoing list is not
exhaustive of all assumptions which may have been used in developing the forward-looking information. While
Rock Tech considers these assumptions, estimates and factors to be reasonable based on information currently
available, they may prove to be incorrect. Forward-looking information should not be read as a guarantee of
future performance or results.
In addition, forward-looking information involves known and unknown risks and uncertainties and other factors,
many of which are beyond Rock Tech's control, that may cause Rock Tech's actual events, results,
performance and/or achievements to be materially different from that which is expressed or implied by such
forward-looking information. Risks and uncertainties that may cause actual events, results, performance and/or
achievements to vary materially include the Company's ability to access funding required to invest in available
opportunities and projects (including the proposed Converter) and on satisfactory terms, the current and
potential adverse impacts of the COVID-19 pandemic and recent geopolitical hostilities, the anticipated benefits
of MoU may not be realized; the risk that Rock Tech will not be able to meet its financial obligations as they fall
due, changes in commodity and other prices, Rock Tech's ability to attract and retain skilled staff and to secure
feedstock from third party suppliers, unanticipated events and other difficulties related to construction,
development and operation of the proposed Converter, the cost of compliance with current and future
environmental and other laws and regulations, title defects, competition from existing and new competitors,
changes in currency, exchange rates and market prices of Rock Tech's securities, Rock Tech's history of
losses, impacts of climate change and other risks and uncertainties described from time to time in Rock Tech's
public disclosure documents available on the Company's SEDAR profile at
www.sedar.com
, including those
discussed under the heading "Financial Instruments and Other Risks" in Rock Tech's most recently filed
Management Discussion and Analysis. Such risks and uncertainties do not represent an exhaustive list of all risk
factors that could cause actual events, results, performance and/or achievements to vary materially from the
forward-looking information.
We cannot assure you that actual events, results, performance and/or achievements will be consistent with the
forward-looking information and management's assumptions may prove to be incorrect. Forward-looking
information reflects Rock Tech management's views as at the date the information is created. Except as may
be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or
undertaking to update or to revise any forward-looking information, whether as a result of new information,
future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events,
conditions or circumstances on which any such information is based.
Given these uncertainties, readers are cautioned not to rely on the forward-looking information set forth in this
press release.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/rock-tech-lithium-announces-grant-of-stock-options-301540288.html
SOURCE
Rock Tech Lithium Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/May2022/04/c3511.html
%SEDAR: 00005870E
For further information:
Wolfgang Böhm, Press and Public Relations, Rock Tech Lithium Inc., 777 Hornby
Street, Suite 600, Vancouver, B.C., V6Z 1S4, Telephone: +49 30 44 33 61 - 33, Facsimile: (604) 670-0033,
Email: [email protected].
CO: Rock Tech Lithium Inc.
CNW 21:37e 04-MAY-22